Beeline VMS to get new owner; Adecco and private equity selling shares

Private equity firm GTCR and The Adecco Group struck a deal to sell VMS provider Beeline to New York-based private equity firm New Mountain Capital LLC. The firms aim to close the deal in August, which is subject to customary closing conditions.

Before this deal, Adecco owned 43% of Beeline after selling...

Impellam revenue rises in first half amid in growth UK managed services segment

Revenue was up 4.9% on a constant currency basis at Impellam Group plc in the first half of the year. The UK-based company reported growth was concentrated in its managed services operations in the UK, Europe and Australasia.

Global staffing firm Robert Walters reports strength in North American operations

Robert Walters plc, a UK-based firm that ranks on SIA’s list of largest global staffing providers, reported revenue rose 13% in constant currency. The company cited strength in its North American operations during the first half, particularly in New York and Toronto.

ASGN revenue rises 10% on a pro forma basis

Revenue at ASGN Inc. (NYSE: ASGN) rose 10.1% on a pro forma basis in the second quarter. The pro forma calculation includes revenue from the company’s acquisition of ECS Federal LLC, a government services contractor, in April of this year as if the companies were combined at the beginning of 2017....

Synergie revenue up 12% in second quarter

Synergie, a Paris-based staffing firm with international operations, reported second-quarter revenue rose 11.7% with much of the growth happening outside France. The firm ranks as one of the world’s largest staffing companies, and it has operations in Canada.

Groupe Crit revenue increases in first half, most growth in France

Paris-based Groupe Crit, the parent company of Indiana-based staffing firm Peoplelink, reported revenue rose 4.9% in the first half of the year adjusting for constant currency and acquisitions. Its revenue outside of France rose 1.2%, but fell 4.1% on a reported basis.

Jobless average falls but initial claims jump by 9,000

The US four-week moving average of initial claims for unemployment insurance fell to 218,000 last week, down 2,750 from the previous week’s revised average, the US Department of Labor reported today. The previous week’s average was revised upward by 250.

The four-week moving average decreases the...

Report finds H-1B visas getting more scrutiny, Indian professionals most affected (TechCrunch)

Professionals seeking entrance to the US on H-1B visas for highly skilled workers are facing more scrutiny, TechCrunch reported. H-1B denial rates rose to 22.4% for the three-month period starting in July 2017 compared to 15.9% in the same period one year earlier. More requests are also being made for...

Website reports that largest B2B human cloud firm Upwork has filed for an IPO

Upwork confidentially filed for an initial public offering, Recode reported, citing people familiar with the matter. However, it could still pull back its plans or get acquired instead.

When contacted by SIA, an Upwork spokesperson said the company cannot comment on the news.

“There are surprisingly...

Empresaria reports strength in Americas region, but gross profit down 1% in first half

Empresaria Group plc reported in a trading update that gross profit is down approximately 1% in the first six months of the year, but that it’s on course to meet market expectations. The London-based staffing provider plans to release full results on Aug. 22.

The company reported strong results...